BURLINGTON, ONTARIO -- (Marketwire) -- 11/19/12 -- Green Swan Capital Corp. ("Green Swan") (TSX VENTURE: GSW) announces that Phase 1 diamond drilling has commenced on its Geneva Lake Property (the "Property"). This phase will consist of roughly 900 metres of drilling, possibly followed by a downhole geophysical survey on some of the holes.
The Property consists of four mineral claims on the Benny Greenstone Belt in Hess Township in northern Ontario, north of Sudbury. Highway 144 provides access to the area, with logging roads providing access to the Property. Some of the former Geneva Lake Mine (Pb-Zn-Ag) is located on the Property, from which mine 80,588 tons of ore with a grade of 3.34% lead and 9.21% zinc was produced from 1941 to 1944 (see OGS report 206, Geology of the Benny Area).
Green Swan also announces that Mr. Richard (Rick) Walker, P.Geo., will immediately join Green Swan as Vice President - Exploration, subject to regulatory approval. Mr. Walker is a professional geoscientist jointly registered in the provinces of British Columbia and Ontario. Rick received both his B.Sc. (1986) and M.Sc. (1990) from the University of Calgary and has worked in the Mineral Exploration Industry since graduating.
Over the past twenty years, Rick has worked in many diverse jurisdictions, including Alberta, the Yukon, the Northwest Territories, Nunavut, Alaska, Montana, New Brunswick, Brazil, Peru and Chile. In the course of his career, he has successfully completed contracts for the Government of the Northwest Territories (MIDA), the Geological Survey of Canada, as well as for junior to major mining companies. Most recently, the majority of his work has been directed toward evaluation of both bulk tonnage porphyry-style mineralization (copper + molybdenum +/- silver +/- gold +/- tungsten) and low tonnage, high grade manto and / or vein-type mineralization.
Mr. James Lavigne will remain on Green Swan's Board of Directors, from where Green Swan will continue to benefit from his technical knowledge.
About Green Swan Capital Corp.
Green Swan is engaged in the exploration and, if warranted, development and mining of its properties as well as the acquisition, exploration and potential development of other mineral resource properties. The common shares of Green Swan are listed on the TSX Venture Exchange under the trading symbol "GSW". Upon closing of the transactions contemplated above, GSW will have 19,897,417 shares outstanding.
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green Swan currently foresees. Discussion of the various factors that may affect future results is contained in Green Swan's recent filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Green Swan Capital Corp.
Peter M. Clausi